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Foxtons under pressure to raise ‘for sale’ sign

The board of Foxtons has come under pressure from 10% of its shareholders to sell the business.

Milkwood Capital, which owns about 4%, is the latest shareholder to demand a sale of the estate agency.

It follows pressure from Canadian investor Converium Capital, which has been lobbying for Foxtons to carry out a strategic review over the past 18 months.

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